|If you're starting out spread betting there's only one broker I'd recommend - Finspreads. Not only have I been a client for the last 7 years but they offer an unbeatable advantage to the new spread better, one which no other broker offers -
the ability to trade at just 10p a point for the first 2 months after account opening
Most other brokers will insist on £1 which is far too much when starting to learn the business. The number one mistake that people new to trading make, especially when it comes to a trading leveraged products like spread betting, is they risk too much money in the beginning.
Mistakes will be made, some of them big but if you trade at 10p a point it's hard to lose more than a few pounds on any given trade. But start betting at £1 a point and a mistake can easily cost hundreds. Too many of those and it's likely your spread bet career will be over before it properly starts.
50p minimum stake (after 2 months)
After the 2 month 10p minimum stake period ends the minimum then gets raised to 50p with Finspreads. But yet again this is an advantage over a £1 minimum stake and I talk more about this below.
Summary: When you first start out you're going to make mistakes while you learn the game which is why trading at 10p a point is an advantage. FinSpreads are the only spread bet broker that offer this facility.